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Britain’s vanishing millionaires: Why lower-tier wealth is shrinking

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As the UK grows its super-rich, the number of foundational ‘Band One’ millionaires – those with between $1 million and $5 million in investable assets – declined sharply in 2024, according to a new report. The UK lost more than 14,000 Band One millionaires last year, according to consultancy Capgemini’s…

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